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Report Date : |
13.02.2012 |
IDENTIFICATION DETAILS
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Name : |
MAY LAM INTERNATIONAL TRADING CO. |
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Registered Office : |
Room 221, 2/F., Shing Win Factory Building, 15-17 Shing Yip Street, Kwun Tong, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
01.12.2005 |
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Com. Reg. No.: |
36290564-000-12 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Importer, Exporter and Manufacturer of all kinds of moulds, hardware, metal products, glassware, etc. |
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No. of Employees : |
2 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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Hong Kong |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
MAY LAM
INTERNATIONAL TRADING CO.
Address: Room 221, 2/F.,
Shing Win Factory Building,
15-17 Shing
Yip Street, Kwun Tong,
Kowloon,
Hong Kong.
(Formerly located at:
Room 210, 2/F. of the same building.)
PHONE: 9187 7708
FAX: 2178 2382
Manager: Mr. Chiu Yick Fong (alias Billy Yau)
Establishment: 1st
December, 2005.
Organization: Sole
Proprietorship.
Capital:
Not
disclosed.
Business Category: Importer, Exporter and Manufacturer.
Employees:
2.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
Head Office:-
Room 221, 2/F., Shing Win Factory Building, 15-17 Shing Yip Street,
Kwun Tong, Kowloon, Hong Kong.
36290564-000-12
Manager: Mr. Chiu Yick Fong (alias Billy Yau)
Name: Mr. CHIU Yick Fong
Residential Address: Flat
2307, 23/F., Kwong Ning House, Kwong Ming Court, Tseung Kwan O, Kowloon, Hong
Kong.
The subject was established on 1st December, 2005 as a sole
proprietorship concern owned by Mr. Chiu Yick Fong under the Hong Kong Business
Registration Regulations.
Initially the subject was located at Unit 13, 9/F., Block A, Focal
Industrial Building, 21 Man Lok Street, Hung Hom, Kowloon, Hong Kong, moved to
Room 210, 2/F., Shing Win Factory Building, 15-17 Shing Yip Street,
Kwun Tong, Kowloon, Hong Kong in December 2007; and further to
Room 221 of the same floor and building in December 2011.
Apart from these, neither material change nor amendment has been ever
traced and noted.
Activities: Importer,
Exporter and Manufacturer.
Lines: All
kinds of moulds, hardware, metal products, glassware, etc.
Employees: 2.
Raw Materials: Imported from China, etc.
Markets: India,
Japan, Europe, North America, etc.
Terms/Sales:
L/C or as per
contracted.
Terms/Buying: L/C,
T/T, D/P, etc.
Capital: Not
disclosed.
Profit or Loss: Making a small profit every year.
Condition:
Keeping in a
normal manner.
Facilities: Making rather active use of general banking
facilities.
Payment:
Met trade
commitments as required.
Commercial Morality: Satisfactory.
Banker:
The Hongkong
& Shanghai Banking Corp. Ltd., Hong Kong.
Standing:
Small.
May Lam International Trading Co. is a sole proprietorship set up and
owned by Mr. Chiu Yick Fong (alias Billy Yau) who is a Hong Kong merchant.
Business commenced in December 2005, the subject is trading in the
following products: moulds, metal hardware, metal components, glassware,
etc. Most of the products are sourced
from China or acquired from local suppliers.
Prime markets are India, Japan, Europe, North America, etc. Business is fairly active.
The subject shares its operating office with another firm located at the
present address. Business in Hong Kong
is over six years. Just making a very
small profit every year.
The subject’s business is chiefly handled by Chiu Yick Fong
himself. He can be reached at your given
phone number 852-9187 7708.
On the whole, consider the subject good for normal business engagements
in small credit amounts.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.49.64 |
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|
1 |
Rs.78.35 |
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Euro |
1 |
Rs.65.79 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
NB |
New Business |
-- |
This score serves as a reference to assess SC’s credit risk and
to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.